Looking to diversify beyond BTMSX? The mutual funds below have the lowest correlation with BTMSX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BTMSX.
Best Diversifiers for BTMSX
16 mutual funds have low correlation with BTMSX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.02, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.02 | 0.26 | 0.28 | 94 | Municipal Bonds | BTMSX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.09 | 0.06 | 99 | Municipal Bonds | BTMSX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.07 | 0.08 | 0.11 | 99 | Municipal Bonds | BTMSX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.08 | 0.09 | 0.09 | 99 | Municipal Bonds | BTMSX vs TFCYX | |
| Baird Ultra Short Bond Fund | 0.14 | 0.17 | 0.18 | 100 | Ultrashort Bond | BTMSX vs BUBSX |
See all 25 diversifiers for BTMSX
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